Bearish sentiment continued to impact coal prices

Persistent bearish sentiment continued to impact global thermal coal prices, influenced by factors such as India’s Diwali festival, China’s abundant coal stock, and the stability of the European energy market. The surge in supply from exporters has additionally contributed to the downward pressure on prices. For the fourth consecutive week, European coal-delivered prices experienced a cooling trend.The market has presently stabilized due to the nearly full storage capacity of natural gas and mild weather conditions, leading to a decrease in electricity demand.